Grain Harvest and Export Projections for 2024/25 Season
Overview:
Russian Ministry of Agriculture Forecasts: Predicts a grain harvest of 132 million tons and export potential of 70 million tons, despite recent unfavorable weather conditions.
International Grain Council (IGC) Review: Adjusts Russia's grain collection downwards by 5.9 million to 126.9 million tons. Wheat forecast also lowered to 85.5 million tons, with a decreased export projection of 46.6 million tons.
US Department of Agriculture Report: Estimates Russia's gross wheat collection at 88 million tons and export at 52 million tons for the new agricultural year.
Russian Grain Union: Anticipates a grain harvest of 129 million tons with an average yield over the past five years. Export forecast for the upcoming season ranges from 69 to 70 million tons, including 57 million tons of wheat.
IKAR's Updated Forecast: Currently sets grain collection at 129.5 million tons, with wheat making up 81.5 million tons. Export estimates for the new agricultural year have been lowered to 55.5 million tons, with wheat exports at 44 million tons.
Conclusion:
The projections for Russia's grain and wheat harvest and export volumes for the 2024/25 season show a generally downward trend due to adverse weather impacts, including frost and drought in key regions. Multiple agencies have revised their forecasts, reflecting concerns over climatic challenges affecting agricultural yields.
Source:
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